This Trifecta of Market Declines is Rare… And Not Good

This Trifecta of Market Declines is Rare… And Not Good

Notes From the Field By James Hickman (Simon Black)  April 30, 2025

 In today’s podcast, we explore the rare phenomenon of simultaneous declines in the stock market, bond market, and currency market—a powerful signal of capital flight out of the US.

 We talk about when and where this has happened before, and why the Federal Reserve’s diminishing control over interest rates won’t fix it.

 We also discuss what higher rates mean for the commercial real estate market, and how that reverberates through the banking system.

 And we answer the question: is gold overbought, and inching towards a correction?

 The podcast also covers:

• Why gold, not Bitcoin, remains the ultimate safe haven for central banks.

• Why the US dollar's dominance is fading—and what comes next.

• The case for gold stocks over physical gold in today’s environment.

Give it a listen here.

CLICK HERE to listen to today’s podcast.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/this-trifecta-of-market-declines-is-rare-and-not-good-152715/?inf_contact_key=9208cbe90b3b1fba0e934d8d0d4741c056374244ed3079802af78ca168e4c2a0

News, Rumors and Opinions Thursday 5-1-2025

IQD Flips First, XRP Follows

589bull:   5-1-2025

Iraq just passed Resolution No. 294 — authorizing the Ministry of Finance to pull over 3 trillion IQD from dormant tax accounts and inject it into the Central Bank of Iraq to cover salaries.

Old funds.
New movement.
Right before the budget flips.

This isn’t routine. They’re not just covering payroll — they’re positioning liquidity inside the CBI. You don’t unlock trillions in dormant escrow just to patch a gap. You do it to prime the system before something big resets.

Abu snwe:  At the time of the Sudanese preparation for the Arab summit The Iraqi government announces its bankruptcy and authorizes the Minister of Finance, a Sami spectrum to withdraw the tax trusts of more than 3 trillion to pay the salaries of the month of April.

Everyone keeps asking: What moves first — IQD or XRP?

Answer: IQD flips first. XRP follows. Fast.

Iraq’s revaluation is the event — the trigger. It resets regional liquidity, realigns trade, and floods the system with pressure.

That pressure needs rails. Fast, neutral, compliant rails. That’s when XRP ignites.

IQD is the fuse.
XRP is the ignition.

Classic damage control.

If everything was “normal,” they wouldn’t need to say it. You don’t withdraw 3+ trillion IQD from dormant tax accounts unless you’re prepping for something outside the norm — like a rate shift or system switch.

The fact that the Parliamentary Finance Committee had to come out and calm people down tells you one thing:

This wasn’t routine.
This was strategic liquidity repositioning.

They’re staging cash where it needs to be before the public feels the shift — likely to smooth salary transitions and avoid panic right before the flip.

Source(s):
https://x.com/589bull10000/status/1917586572301721638
https://x.com/589bull10000/status/1917621269450707386
https://x.com/589bull10000/status/1917622313908068612

https://dinarchronicles.com/2025/05/01/589bull-iqd-flips-first-xrp-follows/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  ...Iraq is excited and so should we be... the dinar situation can change very suddenly once the right policies are effective. This process is not going to take months or years more.

Militia Man  What we have seen so far in the news is...all positive, nothing that's considered to be worrisome as far as I can see.  The tone from Washington has been positive.  They've been talking about support...for Iraq's monetary reforms by the largest financial institutions in the world - United States Treasury, Federal Reserve, International Monetary Fund, World Bank, IFC.  The focus has been about security, stability, sustainability, partnerships with the public and private sectors, investment opportunities...  

Planned Demolition Of The Banking System | David Morgan

Liberty and Finance:  4-30-2025

David Morgan outlines the global banking hierarchy and highlights how real power resides not with governments but with elite financial institutions, steering the world toward a centralized digital monetary system diminishing national financial sovereignty.

 Two key points he emphasizes are that the destruction of the current banking system is a planned demolition, not a natural failure, and that this collapse is designed to usher in a new, more authoritarian financial regime rooted in AI-driven control and digital currencies.

Morgan warns that such a system will eliminate human discretion and embed surveillance into every transaction, reducing people to programmable nodes in a technocratic grid. He concludes that unless more people resist, we risk entering a future where convenience masks total economic and personal subjugation.

INTERVIEW TIMELINE:

0:00 Intro

 1:30 Who's running the show?

 8:23 Globalism

13:50 The Fed's real purpose

18:00 Banking system planned demolition

33:40 Rules, laws, and accountability

https://www.youtube.com/watch?v=ToVXpYsTI6s

Thursday Coffee with MarkZ. 05/01/2025

Thursday Coffee with MarkZ. 05/01/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning and Happy May Day Mark and Family

Member: Welcome to a new month…….Do you have any good RV news today Mark?

MZ: I am really enjoying this event in Florida with Charlie Ward and others. Zester and I will talk this afternoon. Just know I am using a mobile set up…so cannot see chats or show articles like usual.

Member: Mark-  have you lost enthusiasm that this will go soon?

MZ: Absolutely not ……I am still full of enthusiasm. I do not know the exact time but everything happening points that it will be soon.

MZ: Bond contacts are confirming that late last night.  They say they are making great progress and heading towards conclusion. They will not share the timing though.

MZ: I still have one that has the paperwork stating bank wires have been initiated . I think today we may find out one way or another.

Member:  MZ, since you received confirmation of bond movement,  I hope we get to exchange in the next week or so?

MZ: If bond folks are receiving spendable money… we would be in that time scale. I will give a quick update as soon as I get that confirmation.

Member: MARKZ. What do you think about Iraq possibly filing bankruptcy on the 29th

MZ: that’s a rumor I have not heard from anyone I know.

Member: Iraq took money from a delinquent tax account to pay salaries. $3T dinar. No bankruptcy.

Member: The Iraq bankruptcy thing isn’t just one person, it’s all over the boards!!! Most saying it’s just like Kuwait! Has to do with pulling over 1 Tril IQD to oay salaries!

​​MemberL if iraq declared bankruptcy it would be all over the main stream financial news

Member: That’s just a rumor I think MM mention something about that last night and he said it was just a rumor

Member: ​​I wonder if the Iraqi "bankruptcy" rumor is about the same thing as Kuwait saying "it's going to be another year" then went same day..... just a thought

MZ: The articles coming out of Iraq do remind me of articles in Kuwait leading up to their revaluation. Budget scares, concerns and suddenly BAM……RV and it is all fixed.

Member: "Myles Caggins- Kurdistan Oil Industry Corp. (APICOR), says that member companies are ready to resume exporting Kurdistan Region oil, but only if they are guaranteed payment."

Member: I continue to hope the RV appointments happen before the Forex. Less chaos

Member: Mike Bara and Wolvie had a good show last night

Member: (From Dinar Guru) Mnt Goat  ...Iraq is excited and so should we be... the dinar situation can change very suddenly once the right policies are effective. This process is not going to take months or years more.

MZ: I agree with that comment. Things can turn on a dime. There are a lot of historic examples of resets that happen suddenly.

MZ: Will try to do a podcast tonight….not exactly sure when though.

Member: Mark...enjoy your time there and don't worry about us, have fun.

Mod: MARK IS PLANNING AN EVENING PODCAST. HE WILL LET US KNOW WHAT TIME. WILL POST IN THE INTEL ROOM

INTEL INFO ROOM: Link: https://t.me/+K_GNVfTI0gFkZWYx

Member: Note: Ppl, remember - Mark is super busy the rest of the week thru the weekend..... Do Not Email Him Unless It Is Life or Death.... that is what Mark requested of us.....

Member: MarkZ I hope you and Zester have a fantastic time at your conference….. get lots of pictures lol. Have a great day everyone.

StacieZ joins the stream at the end Please listen to replay for her information and opinions

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=KCNEVvnDpn4

MilitiaMan & Crew: Iraq Dinar News-Global ASYCUDA System & International Company-Linking National Banks-USA Banks

MilitiaMan & Crew: Iraq Dinar News-Global ASYCUDA System & International Company-Linking National Banks-USA Banks

4-30-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=QYaRcBuhvBY

Iraq Economic News And Points To Ponder Thursday Morning 5-1-25

The Rise In The Value Of The National Currency Has Local And International Causes
 
Economic 04/27/2025  Baghdad: Hussein Thaghab   The Iraqi dinar's exchange rate against the US dollar has witnessed a  significant improvement over the current period, supported by a number of internal and external factors.
 

Most notably, the
 
     country's large financial reserves, the
     prudent monetary policies pursued by the Central Bank of Iraq, and
     signs of a thaw in US-Iranian relations have
 
combined to boost the value of the national currency.
 
Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, said that the
improvement in the Iraqi dinar's exchange rate against the dollar in local markets
is due to the central bank's recent policy. He added that
 
Financial Reserves
 
the country's massive financial reserves are one of the main reasons
behind the improvement in the value of the dinar against the dollar, and
 
we expect the dinar's value to continue to improve in the coming period. He pointed out that
 
the Central Bank of Iraq is working to consolidate the national currency
by adopting policies that are consistent with Iraq's
 
     financial capabilities and the
     requirements of the national economy.
 
Dollar Flow
 
Dr. Nabil Al-Abadi said:
 
“The past few days have witnessed a significant improvement in the exchange rate of the dinar against the dollar,
which is the result of a combination of internal and external factors.
 
On the monetary policy side, the Central Bank has taken strict measures, including
 
     restricting the flow of dollars through auction platforms and
     imposing strict oversight on banks. It has also
     raised the interest rate on dinar deposits,
     which has stimulated the transfer of some cash liquidity.
 

External Factors, such as the
 
     improvement in oil prices and the
     accompanying increase in foreign reserves,
 
have also contributed to this improvement.”  He added that
 
Stabilization
 
these measures, while effective in achieving short-term stability, remain subject to several risks.
 
The Iraqi economy's dependence on oil revenues makes it hostage to global market fluctuations.
 
Furthermore, some austerity measures, such as
import restrictions,
could negatively impact citizens' purchasing power
if they are not accompanied by policies that support local production. He stated that
 
Productive Sectors
 
ensuring the sustainability of this improvement requires structural reforms,
starting with
     diversifying the economic base and
     reducing dependence on oil, through
     developing productive sectors such as agriculture and industry.
 
This also requires
 
     a comprehensive overhaul of the banking system and
     simplifying customs procedures to boost non-oil exports, as well as
     enhancing investment confidence through stabilizing legislative policies. He stated that
 
improving the exchange rate is not an end in itself,
but rather must be a starting point for deeper economic reform.
 
International experience demonstrates that
sustainable monetary stability can only be achieved
through a productive economy capable of confronting external shocks.

Global Pressure
 
Financial expert Dr. Mustafa Akram emphasized that
 
while there is a reason for the
gap between the official exchange rate and the parallel exchange rate of the dinar against the dollar,
the gap has its causes. He pointed out that the
 
opening up between the United States and the Islamic Republic has eased global pressure on remittances to Iran,
 
     reducing demand for the dollar in local markets and
     strengthening the value of the national currency.
 
This coincides with ample supply from the Central Bank in the form of remittances and
other forms of financing, which necessitates strengthening this phase. He pointed out the
 
Electronic Card
 
importance of the Central Bank of Iraq taking action to
 
     reach an agreement with the United States and
     establish an official platform for transactions by
     creating an electronic payment card for use in Iran, Russia, and other sanctioned countries.
 
This would reduce demand for dollars, he noted, noting that
 
this would
 
     serve small traders and travelers,
     address many problems,
     reduce smuggling and illegal trade, and
     increase the value of the local currency.    
  
https://alsabaah.iq/113508-.html    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-1-25

Good Morning Dinar Recaps,

COULD THE SEC SETTLE WITH RIPPLE LAWSUIT USING XRP?

▪️John Squire suggests SEC might settle Ripple case by accepting XRP instead of cash.

▪️Delaying XRP ETF approval could help SEC avoid rising prices before settlement deal.

▪️June 17 ETF delay might be part of SEC’s calculated move, says Squire.

A surprising idea is gaining attention in the crypto world as social media influencer John Squire suggests that the U.S. Securities and Exchange Commission (SEC) could be planning to settle its lawsuit with Ripple by accepting XRP tokens instead of cash.

Will the SEC truly accept XRP as a payment? Let’s find out!

Delaying ETF Could Be a Strategic Move

In a recent tweet that’s now widely shared, John Squire suggests that the SEC could be delaying the approval of XRP spot ETFs on purpose. Because if they plan to settle the Ripple lawsuit using XRP, they wouldn’t want the price of XRP to shoot up too early.

And that’s exactly what could happen if a spot ETF is approved right now. Unlike a futures ETF, a spot ETF buys XRP directly. That demand would send the price soaring, possibly making XRP too expensive for a favorable government settlement.

Therefore, to keep XRP’s price lower, there has been a delay in the settlement process.

If XRP Is Used as Payment

The theory comes after journalist Eleanor Terrett confirmed that the SEC had delayed its decision on Franklin Templeton’s XRP spot ETF until June 17. Squire argues that this delay is not a coincidence but part of a broader strategy.

Squire says that if the SEC accepts XRP as payment, it would show they no longer see it as illegal. He also points out it wouldn’t make sense for the U.S. government to take payment in something they say is not allowed.

Such a settlement could also lead to regulatory clarity for XRP, encourage institutional investment, and possibly mark the beginning of a new bull run for the token.

XRP Price Outlook

As of now, XRP is trading around $2.20, reflecting a drop of 0.63%, with a market cap hitting $129.13 billion.  However, the 1-day chart suggests that if XRP goes above $2.40, it could start a strong upward trend toward $2.60 or even $2.90. But if it falls below $2, it might trigger more big sell-offs.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

NORTH CAROLINA HOUSE PASSES STATE CRYPTO INVESTMENT BILL

North Carolina’s House passed a bill to allow the state treasurer to invest government funds in approved cryptocurrencies with a 71 to 44 vote.

North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate.

The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44.

Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets.

The investments can only be made after obtaining an independent third-party assessment confirming that the crypto holdings are maintained with a secure custody solution and risk oversight and regulatory compliance standards are met.

New amendments allow the treasurer to examine the feasibility of allowing members of retirement and deferred compensation plans to elect to invest in digital assets held as exchange-traded products (ETPs).

The House also passed a related bill, the State Investment Modernization Act, or HB 506, with little discussion on April 30, in a 110 to 3 vote.

The bill aims to create the North Carolina Investment Authority (NCIA) to take over investment management from the treasurer.

If passed into law, the authority to invest in digital assets would transfer from the treasurer to NICA, and approval would be required from its board of directors based on third-party assessments to make crypto investments.

Local news outlet NC Newsline reported that Treasurer Brad Briner supports both bills.

Arizona leads the crypto bill race

North Carolina is second to Arizona in the state-level race to approve legislation allowing local governments to invest in cryptocurrencies.

On April 28, Arizona’s House approved two bills, SB 1025 and SB 1373, proposing different methods for the state to establish a crypto reserve.

Arizona is the only state whose House and Senate have passed crypto-related bills, which are both awaiting Governor Katie Hobbs’ decision.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

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Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Bits and Pieces” in Dinarland Thursday AM 5-1-2025

SWIFT Just Said the Quiet Part out Loud

589bull:  5-1-2025

SWIFT just said the quiet part out loud:

“Tokens allow messaging and settlement to be collapsed into one.”

Translation? The old financial system just admitted it’s cooked.

For decades, banks played a game.

First they’d send a message (SWIFT). Then — hours or even days later — they’d move the money. Two separate layers. Two sets of fees. Two opportunities to stall, skim, and manipulate.

That game’s over.

With tokenized value? There’s no delay, no middleman, no second layer.

When the message is sent — the value moves with it. No waiting. No clearing house. No FX trap.

It’s one move. One strike. Final.

This is exactly what XRP was designed for. Same with XDC and QNT.

Real-time settlement. Frictionless. Immutable. And now SWIFT’s basically admitting they’re switching to that model — after fighting it for years.

Funny how that works.

Now Iraq.

They’ve got a locked-up budget, a brand new CBI headquarters, and a digital banking system syncing up as we speak.

You think they’re doing all that for another decade of 1,300-to-1 rates?

Come on.

This isn’t just about payments. It’s about control.

Once settlement and messaging collapse into one, the middlemen collapse too. That means real money moves start happening without IMF approval, without central bank delays, and without SWIFT’s gatekeeping.

This is how the reset happens.

Not with an announcement.
Not with a press release.

It happens when the plumbing flips behind the scenes… And they start talking like the new system is already live.

SWIFT just did.

Watch liquidity.
Watch corridors.
Watch Iraq.

Because when they say “collapsed into one”, what they’re really saying is:

The storm’s not coming. You’re standing in it.

Source(s):
https://x.com/589bull10000/status/1917533399968866435

https://dinarchronicles.com/2025/05/01/589bull-swift-just-said-the-quiet-part-out-loud/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Sandy Ingram   As you know the Iraqi Foreign Minister Fuad Hussein left for Washington D.C. to meet with Secretary of State Marco Rubio on Thursday.  But what you many not know is the huge request the Iraqi Foreign Minister had for the United States...The visit signals a deepening partnership between the two nations, which is a good thing for IQD investors.  But the interesting factor that was finally revealed about the meetings was Iraq's request.  Iraq asked the US to reconsider travel warnings ...A move that could make it easier for investors to travel freely to the country...   [Post 1 of 2...stay tuned]

Sandy Ingram  Hussein stressed that the current "Level 4 - Do Not Travel" advisory is hurting Iraq's chances of attracting American businesses and investment.  He explained Iraq's situation has improved significantly and continuing to label Iraq as highly dangerous just doesn't reflect the new reality on the ground anymore...Hussein pointed out some European countries have already updated their travel advisories for Iraq...As of now, it's unclear whether the Untied States will agree to remove or lower the travel warning...If Washington does choose to reconsider it would mark a major step toward opening Iraq's doors wider to American investors and businesses.  Guys this is major!   [Post 2 of 2]

Mike Bara:  Special Non-Florida Live News/Discussion with Special Guest Wolverine!

4-30-2025

https://www.youtube.com/watch?v=MM1xWF430oc

“Tidbits From TNT” Thursday Morning 5-1-2025

TNT:

Tishwash:  Fuad Hussein arrives in Oman to exchange views on "current challenges"

Fuad Hussein arrives in Oman to exchange views on "current challenges"
The Iraqi Ministry of Foreign Affairs announced the arrival of its Minister, Fuad Hussein, to the Omani capital, Muscat, on an official visit aimed at strengthening bilateral cooperation between the two countries.

The ministry said in a statement that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein is scheduled to hold meetings during the visit with a number of Omani officials, most notably the Omani Minister of Foreign Affairs, Badr bin Hamad Al Busaidi, to exchange views on regional and international developments and current challenges."

The statement indicated that the Iraqi Ambassador to Muscat, Qais Al Ameri, and embassy staff attended the reception ceremony.  link

Tishwash:  The majority of Iraq's financial assets are in US dollars. Al-Sudani's advisor discusses linking Iraqi banks to US banks.

On Wednesday, April 30, 2025, Mazhar Mohammed Salih, advisor to the Prime Minister for Financial Affairs, spoke about the repercussions of linking Iraqi banks to American banks.

As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues, it is in our country’s interest to deal equally with the US commercial banking system as a global correspondent power for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms, ” Saleh said in a press statement followed by Al-Jabal.

He pointed out that "the Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains one of the strongest and most important monetary zones in the world."

He stressed  that "reducing the costs of foreign banking transactions requires direct banking cooperation with more than one American (Global) bank, and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees ."

He pointed out that "the second American bank is responsible for providing opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country's markets, without obstacles and with transparency and high governance. In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level.

These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system."  link

************

Tishwash:  KRG official publicly criticizes Iraq’s Trade Bank over delays to ATM rollout and bank cards

 A senior official in the Kurdistan Regional Government publicly criticized Iraq’s Trade Bank on Wednesday, citing significant delays and insufficient cooperation in the rollout of a high-profile digital banking initiative intended to modernize public salary payments.

The initiative, known as My Account, launched in September 2023, aiming to allow government employees in the Kurdistan Region to receive salaries digitally via bank-issued cards, reducing dependency on cash and increasing financial transparency. TBI was among several banks selected for participation.

“We are pleased to announce that the Trade Bank of Iraq is now part of the My Account project to digitize salary payments in the Kurdistan Region,” the ministry had said in a statement last year. Although welcomed in May 2024 by the Kurdistan Ministry of Finance, TBI’s participation has become a source of concern.

Nearly a year later, officials say the bank has fallen short of its commitments.

Aziz Ahmed, deputy chief of staff to KRG Prime Minister Masrour Barzani and the official leading the My Account team, spoke candidly to 964media. “It’s true, this is the first time we are publicly expressing our concerns about one of the banks in the My Account project, which is TBI,” he said. “But the scale of the issues with this bank can no longer be overlooked.”

Ahmed explained that the KRG has been waiting for over a year for TBI to fulfill a pledge to install 100 ATMs. “Despite over 40,000 requests from public employees in the Kurdistan Region to open accounts with the bank, the ATM installation process hasn’t moved forward, and the issuance of My Account cards has also been delayed,” he said.

The delay, according to Ahmed, is not just administrative but has practical consequences. “The delay in delivering ATMs and distributing bank cards has affected the speed of the banking rollout and has harmed public employees in the region,” he said.

Other banks participating in the program have also experienced occasional technical setbacks, but those were typically resolved without long-term disruption. “The level of difficulty we’ve had with TBI is different and ongoing,” Ahmed said. “Issues faced by other banks, such as temporary ATM outages, were addressed and solved. That has not been the case with TBI.”

According to the latest data obtained by 964media from the My Account project, there are approximately 650 ATMs available across the Kurdistan Region—many newly installed as part of the initiative. The project aims to expand this network to over 1,200 ATMs, reaching beyond major cities to include towns and remote areas.

This expansion is intended to ease salary access for the Kurdistan Regional Government’s 1.2 million public sector employees—roughly one ATM for every 1000 workers.

Eight banks are currently participating: BBAC, Cihan Bank, RT Bank, Bank of Baghdad, Iraqi Islamic Bank, National Bank of Iraq, Trade Bank of Iraq, and the International Development Bank.

964media has learned that the project has registered around 750,000 employees so far, with more than 450,000 having received their bank cards, enabling them to withdraw salaries from ATMs after being paid directly to their individual bank accounts.

The project has vowed to register all public sector employees for digital banking accounts by the end of this year.

Ahmed said the KRG has formally raised the issue with both the Central Bank of Iraq and the office of Iraqi Prime Minister Mohammed Shia al-Sudani. “Despite our repeated official communications and efforts to resolve the problems with the bank at the highest levels, the response and cooperation have not met expectations.”

Frustrated by the lack of progress, the KRG has opted to go public. “The lack of a satisfactory outcome from those efforts has left us no choice but to make our concerns public in the spirit of transparency,” Ahmed said.

My Account functions as an alternative to Baghdad’s Tawtin (localization) program. In February 2024, Iraq’s Federal Supreme Court ruled that salaries for public employees in the Kurdistan Region must be paid directly by the federal government, rather than through the KRG’s allocated share of the national budget.

In September 2024, public sector workers in Erbil and Sulaymaniyah expressed growing frustration as some ATMs ran out of cash, leaving many unable to access their delayed wages. However, officials overseeing the My Account project say those problems have since been addressed and that the system is now operating more smoothly. There have been no reports of widespread issues since.  link

Mot:  'Footloose' - Dancing In The Movies  https://www.youtube.com/watch?v=0rLhJZTHYo4

Mot: 40 FINGERS - Sound Of Silence & The Last Of The Mohicans

https://www.youtube.com/watch?v=vOd6QAuK2YE

Iraq Economic News And Points To Ponder Wednesday Afternoon 4-30-25

Government Advisor: Linking National Banks With Their American Counterparts Provides A Means For Economic Stability.

Money and Business  Economy News – Baghdad  Prime Minister's advisor, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of foreign transactions.

“As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues, it is in our country’s interest to deal equally with the US commercial banking system as a global correspondent for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms,” Saleh said in a statement reported by the official news agency and seen by Al-Eqtisad News.

He added, "The Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains, without a doubt, one of the strongest and most important monetary zones in the world."

He pointed out that "reducing the costs of foreign banking transactions today requires direct banking cooperation with more than one American bank (Global), and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees."

Saleh explained that "the second American bank provides opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country's markets, without obstacles and with transparency and high governance.

 In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level.

 These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system." https://economy-news.net/content.php?id=54985

Baghdad And Washington Discuss Oil Exports From Iraqi Kurdistan.

April 30, 2025   Washington - Al-Zaman   Iraqi Foreign Minister Fuad Hussein and US National Security Advisor Mike Waltz discussed the progress of negotiations between Iran and the United States.

The Foreign Ministry said in a statement, "US National Security Advisor Mike Waltz received Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein at the White House in Washington, DC, in the presence of Eric Trager, Head of the Middle East and North Africa Office, and Matt Vilansky, Director of the Iraq and Syria Office."

Minister Fuad Hussein gave a detailed presentation on his visit to Washington, outlining its objectives and the results of the bilateral meetings he held with senior US officials.

The two sides discussed the security situation in the region and current challenges. They also discussed the progress of the ongoing negotiations between Iran and the United States, emphasizing the importance of reaching mutually agreed-upon outcomes consistent with President Donald Trump's policy of resolving regional issues through peaceful means.

On another note, the meeting addressed the issue of oil exports from the Kurdistan Region of Iraq and the outstanding issues between oil companies on the one hand, and the regional and federal governments on the other. The two sides also reviewed developments in Syria and ways to support regional stability.  LINK

Kurdistan Complains To The Central Bank About TBI's Breach Of The ATM Agreement.

Aziz Ahmed, Deputy Chief of Staff of the Kurdistan Regional Government's Prime Minister's Office, announced that a formal complaint has been filed against the Trade Bank of Iraq (TBI) with the Central Bank of Iraq and the Ministry of Finance in Baghdad, citing its failure to honor an agreement signed last year to install 100 new ATMs in the region.

Ahmed explained in a post on the X platform that the bank has not fulfilled its commitment despite the agreement having been signed a year ago. He pointed out that TBI has received more than 40,000 applications from KRG employees under the "My Account" financial inclusion program, but has neither issued a purchase order nor completed the printing of their cards.

Ahmed emphasized that the KRG is deeply concerned about this delay, especially since new customers expect a better level of service from the country's leading government bank. https://www.radionawa.com/all-detail.aspx?jimare=41739

Al-Sudani Affirms The Government's Readiness To Provide Facilities And Support For Baker Hughes' Operations In Iraq.

Money and Business  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani affirmed on Wednesday the government's readiness to provide facilities and support for the American company Baker Hughes' operations in Iraq.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani received today, Wednesday, the Chairman and CEO of Baker Hughes, an American oil and energy services company."

He added, "During the meeting, they discussed prospects for cooperation in the energy sector and reviewed the company's projects in Iraq, including the completion of gas processing units in the Nasiriyah field with a capacity of 200 million standard cubic feet. The first phase of this project is expected to be completed before the summer of 2026, while the second phase will be completed in 2027."

Al-Sudani affirmed, according to the statement, "the government's readiness to provide all necessary facilities and support for the company's operations in Iraq, in light of the government's procedures for the entry of businessmen and companies into the Iraqi market." He indicated that "the government has worked to improve the business environment to attract companies in all sectors."

For his part, Baker Hughes affirmed his company's "commitment to implementing energy projects in Iraq and expanding its scope of work," noting that "Iraq boasts promising investment opportunities in various fields."   https://economy-news.net/content.php?id=54981

A Slight Rise In The Dollar Exchange Rate In Baghdad Markets This Morning.

Time: 2025/04/30 10:42:27 Read: 1,320 times  {Economic: Al Furat News} The US dollar exchange rate witnessed a slight increase this Wednesday morning in the markets of the capital, Baghdad.
The prices are as follows:

The selling price is 145,750 Iraqi dinars for $100, and the purchase price is 143,750 Iraqi dinars for $100. LINK

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-30-25

Good Evening Dinar Recaps,

UK DECIDES TO ALIGN WITH US RATHER THAN EU OVER CRYPTO REGULATION: INTRODUCES NEW RULES

Amidst fear of losing ground to global fintech hubs, the UK has announced new draft regulations for the crypto sector.

On 29 April 2025, Finance Minister Rachel Reeves said, “Through our Plan for Change, we are making Britain the best place in the world to innovate – and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK.”

The UK government is now introducing compulsory regulation for crypto exchanges, dealers, and agents.

Importantly, the UK has decided to align with the US, treating crypto assets as securities. This marks a departure from the EU’s Markets in Crypto-Assets (MiCA) framework, which took effect in December 2024.

“The Chancellor also revealed that the UK and US will use the upcoming UK – US Financial Regulatory Working Group to continue engagement to support the use and responsible growth of digital assets,” the UK government website said.

The government aims to finalize the legislation by the end of 2025.

UK’s Clear New Rules To Boost Investor Confidence

Furthermore, the Chancellor also revealed that discussions with the US about supporting the use and responsible growth of digital assets are underway, as the government works in national interest to drive growth through Plan for Change.

The Chancellor also announced that the government will publish the first-ever Financial Services Growth and Competitiveness Strategy on 15 July, alongside her Mansion House speech. This will support the financial services sector’s long term growth, with Fintech identified as a priority sector, and help it finance investment and growth across the UK.

Around 12% of UK adults now own or have owned crypto, up from just 4% in 2021.

Industry Leaders Urge UK To Address Urgent Concerns Around Regulation, Funding, Innovation

Despite the government’s efforts, several fintech and crypto executives have expressed concern that the UK is losing its competitive edge.

“I think the UK will get it right — but there is a risk if you get it wrong that you drive innovation to other markets,” Keith Grose, Coinbase’s UK head, revealed CNBC on 30 April 2025.

Meanwhile, Jaidev Janardana, CEO of digital bank Zopa, weighed in too. “If I consider the pace of innovation, I believe the US is currently ahead – despite its own set of challenges. Yet, when you look at places like Singapore and Hong Kong, there is significantly faster innovation,” he said.

Tim Levene, CEO of venture capital firm Augmentum Fintech, said, “We’re scrambling around looking for pots of capital in the UK, where currently it would be more fruitful to go to the Gulf, to go to the US, to go to Australia, or elsewhere in Asia, and that that doesn’t feel right.”

@ Newshounds News™
Source:  99Bitcoins

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BRICS MAY PUSH GOLD PRICE TO $6,000 AS US TRADE WAR TALKS PERSIST

With continued geopolitical unrest, the rush to haven assets has been an undeniable reality. That could benefit one economic alliance that has sought out a US dollar alternative for much of the last year. Indeed, the BRICS alliance may push the gold price to heights of $6,000 as talks of an impending US trade war persist.

Since its unveiling of sweeping global tariffs in early April, tension between the US and China has reached a fever pitch. Moreover, that has created increased conflict within the alliance itself, as the group has recently failed to deliver a joint statement. Yet, all eyes are on gold, as the developments could only fuel the asset that BRICS nations have purchased rampantly throughout the last year.

BRICS May Push Gold to New Heights Amid US Tensions

Since he emerged victorious in the 2025 US presidential election, Donald Trump has expressed his issues with the BRICS alliance. He threatened 150% tariffs on the bloc for their role in global de-dollarization efforts. Although that didn’t come to fruition, China is facing import duty increases of up to 245% amid its recent roll-out of America-first trade policies.

These could only strengthen the Global South collective, however, as the policy reshapes the international economy. Indeed, the BRICS bloc may push the gold price to $6,000 as talks of a US trade war persist.

US Global Investors CEO and executive chairman of Hive Digital Technologies, Frank Holmes, recently discussed gold’s potential. “I think the goal should be going to $6,000 over the term for President Trump,” Holmes said. “If the tariffs go up 25%, then the dollar has to go down 25%,” Holmes added.

The expert was articulating the reality that the ongoing economic policy and the greenback have an adverse relationship. Since he entered office, the US dollar has plummeted 10% over the first 100 days of Trump. Moreover, BRICS, and China specifically, have ramped up gold buying.

The People’s Bank of China has been the largest covering buyer of gold for more than five straight months. Moreover, in Q1 alone, it added 27 tonnes to its reserves, making it the largest holder in modern history. Trading at the $3,300 level, there is room for the asset to skyrocket, especially if the Trump tariff plan is resumed in the coming month.

@ Newshounds News™
Source:  Watcher Guru

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More News, Rumors and Opinions Wed. PM 4-30-2025

KTFA:

Henig:  LNG, aircraft, agriculture contracts with US must be done in May: PM

April 29, 2025 - 17:00

Việt Nam is also working closely with ASEAN and regional partners to conduct negotiations in a manner that ensures harmonised interests and a sustainable, balanced trade relationship, in line with the ASEAN–US Comprehensive Strategic Partnership. HÀ NỘI —

Prime Minister Phạm Minh Chính on Tuesday chaired a meeting in Hà Nội with ministries and relevant agencies to review preparations for bilateral trade negotiations with the United States.

This was the sixth cabinet meeting regarding the implementation of conclusions and directives issued by the Party Central Committee, the Politburo, and General Secretary Tô Lâm on adapting to the US’ new tariff policies, in which Việt Nam is subject to a 46 per cent rate.

 PM Chính stated that Việt Nam had recently implemented a wide range of active and coordinated measures. Ministries and sectors have engaged with the highest sense of responsibility. The results so far are heading in a positive direction, yet the situation remains complex, requiring agencies to closely monitor developments, respond promptly and effectively, and address issues within their jurisdiction in a proactive, practical, and feasible manner.

Vietnamese agencies have been making great efforts to address issues related to the origin of goods, non-tariff barriers, intellectual property, copyright, and administrative procedure reduction.

 PM Chính has instructed ministries and sectors to be proactive in working with the US, clearly explaining the issues of US concern that Việt Nam has been addressing.

He urged the swift negotiation and signing, by May 2025, of contracts for the purchase and import of goods from the United States, such as LNG, aircraft, pharmaceuticals, medical equipment, and agricultural products, to ensure a sustainable trade balance.

 PM Chính emphasised that negotiations must be conducted with calmness, determination, and great flexibility – avoiding either perfectionism or haste – while safeguarding national sovereignty, security, and interests.

 The negotiations must also honour Việt Nam’s international commitments, ensuring no one objective is pursued at the expense of another party or country, and adhering to the principle of “harmonised interests, shared risks”.

He requested Vietnamese agencies to engage in dialogue with the US so that both sides could reduce tariffs on each other’s goods to mutually appropriate levels. He also called on the US to soon recognise Việt Nam as a market economy and lift restrictions on the export of high-tech goods.

These measures would contribute to trade balance and technology transfer, while reflecting US’s support for a strong, independent, self-reliant, and prosperous Việt Nam. Việt Nam will continue to revise its legal framework to address US’ concerns, while ensuring sovereignty, fulfilling international commitments, and maintaining compatibility with the legal systems of both countries.

The Government leader noted that Việt Nam had recently focused on amending numerous laws. At the upcoming ninth session of the National Assembly, the Government will submit proposals to amend laws related to intellectual property, copyright protection, and administrative procedure reform to better reflect the current context.

Việt Nam is also working closely with ASEAN and regional partners to conduct negotiations in a manner that ensures harmonised interests and a sustainable, balanced trade relationship, in line with the ASEAN–US Comprehensive Strategic Partnership. PM Chính instructed each relevant ministry and agency to develop specific negotiation plans, and tasked the Ministry of Industry and Trade with consolidating and finalising these plans by April 30. — VNS LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man   Article: ..."the country's massive financial reserves are one of the main reasons behind the improvement in the value of the Iraqi dinar against the dollar.  We expect the dinar's value to continue to improve in the coming period."  That' kind of a heads up without saying, 'Hey, we're revaluing our currency!' But they did say we expect the dinar's value to continue to improve in the coming period...

Boots-On-The-Ground Guru Maxis  I am in Baghdad (Green Zone).  A few of my guys [Iraqi employees] have [bank] accounts but they have not deposited their large notes until they are sure about the new lower notes and a revaluation. There are no consequences if they don’t [make a deposit]. The GOI has offered bonds but they are weary of these. They do expect a revaluation but all it will mean to them is cheaper prices on goods and services. Yes they are [excited about purchasing power] but they are getting frustrated about the delays.

When Trump is Finished, Federal Reserve will be Insignificant, Long Live Gold and Bitcoin

X22 Report (with Bob Kudla):  4-29-2025

Bob begins the conversation talking about how Germany is going to block out the sun, which means solar power will not work they way they said it will to power the country.

Gold and Bitcoin are making moves as the fiat currency implodes on itself.

Oil is going to come down to counter the tariff temp price increase, but when the temp price increase is gone because companies are paying for it people are going to see prices come down.

In the end the Federal Reserve will be insignificant.

https://rumble.com/v6sq4rv-bob-kudla-when-trump-is-finished-federal-reserve-will-be-insignificantlong-.html?e9s=src_v1_ucp

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The Quiet Coup: BIS Just Rewrote The Global Monetary Rules With One Gold Ruling | Andy Schectman

Two dollars investing:  4-30-2025

In a move that went unnoticed by nearly everyone, the Bank for International Settlements (BIS) quietly reclassified gold—forever altering the structure of the global financial system.

Andy Schectman breaks down how this one ruling reshaped the balance of monetary power, signaled a silent collapse of confidence in fiat, and exposed the coming gold-backed shift few are prepared for.

Discover why central banks are hoarding gold, what this means for the U.S. dollar, and how the BIS may have just staged the greatest monetary coup of our lifetime.

https://www.youtube.com/watch?v=QZ16uMtcH9s